Fire Insurance

• Fire insurance is a type of insurance that protects against financial loss due to a structure destroyed by a fire. In simpler terms, fire insurance helps cover some or all expenses for rebuilding your home, office, or any insured property that’s burned down. Fire Insurance shall include insurance against loss by fire, lightning, windstorm, tornado or earthquake and other allied risks, when such risks are covered by extension to fire insurance policies or under separate policies (Insurance Code)
• Fire insurance policy


  A written agreement between the insurance provider and the policyholder, in which the insurer pays for the loss of use of the insured's property damaged by a fire up to an agreed amount
• Fire insurance policy


  • The contract states the annual premium that the policyholder should pay to the insurance company
  • Policies are valid for one year and can be renewed every year
• Fire insurance policy


  • Offered as a stand-alone product
  • Bundled with more extensive home insurance, property insurance, or casualty insurance package
• In the Philippines, a fire insurance policy is typically offered as a stand-alone product or bundled with more extensive home insurance, property insurance, or casualty insurance package